Moelis & Company (NYSE:MC) Given Consensus Rating of “Hold” by Brokerages

Shares of Moelis & Company (NYSE:MC) have been assigned an average rating of “Hold” from the eleven research firms that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $71.8889.

Several equities research analysts recently issued reports on MC shares. The Goldman Sachs Group cut their price objective on shares of Moelis & Company from $70.00 to $62.00 and set a “neutral” rating for the company in a research report on Wednesday, April 1st. Wall Street Zen cut shares of Moelis & Company from a “hold” rating to a “sell” rating in a research report on Saturday, May 2nd. UBS Group cut their price objective on shares of Moelis & Company from $59.00 to $58.00 and set a “neutral” rating for the company in a research report on Wednesday, April 8th. Keefe, Bruyette & Woods cut their price objective on shares of Moelis & Company from $80.00 to $64.00 and set a “market perform” rating for the company in a research report on Wednesday, April 8th. Finally, Zacks Research cut shares of Moelis & Company from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 5th.

Moelis & Company Trading Up 0.4%

Moelis & Company stock opened at $67.44 on Monday. Moelis & Company has a 12-month low of $51.06 and a 12-month high of $78.22. The stock has a market cap of $5.30 billion, a P/E ratio of 24.26, a PEG ratio of 0.80 and a beta of 1.85. The company has a 50-day moving average price of $66.54 and a 200 day moving average price of $66.01.

Moelis & Company (NYSE:MC) last released its quarterly earnings data on Wednesday, April 29th. The asset manager reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.09). Moelis & Company had a return on equity of 38.94% and a net margin of 14.46%.The firm had revenue of $319.78 million for the quarter, compared to analyst estimates of $321.51 million. During the same quarter in the previous year, the business posted $0.64 earnings per share. Moelis & Company’s revenue for the quarter was up 4.3% on a year-over-year basis. As a group, analysts forecast that Moelis & Company will post 3.17 EPS for the current year.

Moelis & Company Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Monday, May 11th were given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 3.9%. The ex-dividend date was Monday, May 11th. Moelis & Company’s dividend payout ratio (DPR) is presently 93.53%.

Institutional Investors Weigh In On Moelis & Company

Hedge funds and other institutional investors have recently bought and sold shares of the company. Alpine Woods Capital Investors LLC purchased a new position in Moelis & Company during the first quarter worth about $231,000. Western Wealth Management LLC purchased a new position in Moelis & Company during the first quarter worth about $51,000. Bank of America Corp DE boosted its stake in Moelis & Company by 0.9% during the first quarter. Bank of America Corp DE now owns 693,812 shares of the asset manager’s stock worth $39,547,000 after buying an additional 6,112 shares during the period. Amundi purchased a new position in Moelis & Company during the first quarter worth about $416,000. Finally, EverSource Wealth Advisors LLC boosted its stake in Moelis & Company by 44.3% during the first quarter. EverSource Wealth Advisors LLC now owns 1,183 shares of the asset manager’s stock worth $67,000 after buying an additional 363 shares during the period. 91.53% of the stock is currently owned by institutional investors and hedge funds.

Moelis & Company Company Profile

Moelis & Co operates as a holding company. It engages in the provision of financial advisory, capital raising and asset management services to a client base including corporations, governments, sovereign wealth funds and financial sponsors. The firm focuses on clients including large public multinational corporations, middle market private companies, financial sponsors, entrepreneurs and governments. The company was founded by Kenneth David Moelis, Navid Mahmoodzadegan, Jeffrey Raich and Elizabeth Ann Crain in July 2007 and is headquartered in New York, NY.